Several other research analysts have also recently weighed in on TIF. BidaskClub cut Tiffany & Co. from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Citigroup Inc. reduced their price target on Tiffany & Co. from $91.00 to $88.00 and set a neutral rating for the company in a research report on Thursday, May 25th. Jefferies Group LLC set a $110.00 price objective on Tiffany & Co. and gave the company a buy rating in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) cut their price objective on Tiffany & Co. from $107.00 to $104.00 and set a buy rating for the company in a research report on Thursday, May 25th. Finally, Zacks Investment Research raised Tiffany & Co. from a hold rating to a buy rating and set a $100.00 price objective for the company in a research report on Monday, August 14th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $92.81.
Tiffany & Co. (NYSE TIF) traded up 2.49% on Friday, reaching $95.48. The company had a trading volume of 763,931 shares. The company’s 50 day moving average price is $91.35 and its 200-day moving average price is $91.82. Tiffany & Co. has a 12 month low of $66.35 and a 12 month high of $97.29. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 25.93 and a beta of 1.91.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The business had revenue of $960 million during the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a yield of 2.15%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 54.35%.
In other Tiffany & Co. news, Director Francesco Trapani bought 25,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was acquired at an average price of $91.84 per share, with a total value of $2,296,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 241,064 shares of company stock valued at $21,467,464 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TIF. BlackRock Inc. boosted its holdings in Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after purchasing an additional 6,747,028 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Tiffany & Co. by 9,785.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after acquiring an additional 1,200,235 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Tiffany & Co. by 85.9% during the 1st quarter. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer’s stock worth $195,746,000 after acquiring an additional 949,105 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Tiffany & Co. during the 1st quarter worth $39,206,000. Finally, Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Tiffany & Co. during the 2nd quarter worth $30,981,000. 79.76% of the stock is owned by institutional investors.
Tiffany & Co. Company Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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